JAMB Exam  >  JAMB Questions  >  Privatization refers to:a)Transferring owners... Start Learning for Free
Privatization refers to:
  • a)
    Transferring ownership of public enterprises to the government
  • b)
    Nationalizing private businesses
  • c)
    Selling off government-owned enterprises to private individuals or organizations
  • d)
    Establishing new businesses through government initiatives
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Privatization refers to:a)Transferring ownership of public enterprises...
Privatization involves the transfer of ownership and control of public enterprises from the government to private entities. This can be done through various methods, such as public share offerings or direct sales to private investors. Options a), b), and d) do not accurately describe privatization.
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Privatization refers to:a)Transferring ownership of public enterprises to the governmentb)Nationalizing private businessesc)Selling off government-owned enterprises to private individuals or organizationsd)Establishing new businesses through government initiativesCorrect answer is option 'C'. Can you explain this answer?
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